The cardiovascular market research reports by iData cover Interventional Cardiology, Cardiac Surgery, Cardiac Rhythm Management and the Electrophysiology market. The fastest growing segments within interventional cardiology are expected to be driven by new technologies, such as CTO crossers, FFR guidewires and OCT catheters. The vascular access market will grow due to a combination of increasing patient population and the shift towards technologically advanced devices that will continue to gain market share at the expense of older, less expensive devices. iData’s cardiovascular device market reports also include cardiac surgery, cardiac rhythm management, and other cardiovascular devices and procedures. Check out our different cardiovascular device market reports below.
The Indian market for vascular access devices and accessories includes implantable ports, port needles, central venous catheters (CVCs), peripherally inserted central catheters (PICCs), peripheral intravenous catheters (PIVCs), and dialysis catheters. The Indian market is still undergoing frequent and drastic changes in terms of regulations, shaped by efforts to contain the growing healthcare budget and supporting market growth and development. Recently, the government has been adamant on clearing regulatory hurdles related to imports and exports of medical devices, and has set new standards around clinical trials. In addition, the Indian government runs several health insurance programs designed for high-risk patients to pay upfront cash and then get reimbursed by filing a claim. This process has proven inefficient and slow, and major improvements are possible if better payment mechanisms are implemented.
In 2016, the Indian market for dialysis catheters increased over the previous year. The market for dialysis catheters is experiencing significant growth due to the growing incidence of end-stage renal disease and the need for dialysis. This growth has led to a dramatic rise in clinics offering dialysis. The growth has had a negative effect on the quality of care. In an effort to make profits, quality of care has deteriorated, with a significant percentage of hospitals and clinics not having dialysis specialists among their staff. The market for dialysis catheters will continue to grow as ASPs for a dialysis catheter continue to fall at low-single digit rates due to increased competition from low-cost producers from the local markets in India, as well as foreign competitors in Korea and China.
The Indian market for implantable ports comprises conventional implantable ports and power-injectable implantable ports. Conventional implantable ports are defined as implantable ports that do not feature power-injection. Currently, the conventional implantable ports segment accounted for about 60% of the total implantable ports market. Over the forecast period, the market breakdown is expected to change slightly but conventional devices will still consist of majority of the market.
The Indian market for peripherally inserted central catheters (PICCs) is split up into two segments: power-injectable and conventional PICCs. Conventional PICCs are defined as PICCs that do not feature power-injection or antimicrobial properties. Although power-injectable PICCs have become the standard of care in some countries such as the United States, India still prefers conventional PICCs and is over ten years behind most developed countries. In 2016, power-injectable PICCs represented only 20% of the total market for PICCs, with the remaining balance represented by conventional PICCs. Growth in the unit sales of advanced materials PICCs is expected to drive gains in the share of power-injectable PICCs over the forecast period.
The Indian market for peripheral intravenous catheters (PIVCs) is split up into 2 segments: conventional PIVC and safety PIVC. PIVCs are inserted in veins and arteries. An arterial access site is utilized in patients that require blood pressure monitoring. Firmer catheters are preferred for arterial access. A venous access site is utilized for infusing fluids, providing antibiotic treatment and other standard procedures. In 2016, safety PIVCs represented 12% of the total market for PIVCs, with the remaining balance represented by conventional PIVCs. Growth in the unit sales of advanced materials PIVCs is expected to drive gains in the share of safety PIVCs over the forecast period.
The total Indian market for port needles can be segmented by conventional and safety port needles. In 2016, the largest segment in the total port needle market was the conventional port needles, which accounted for more than 93% of the total market value. However, safety port needles are growing at a much faster pace than conventional port needles. Conventional port needles are expected to continue its dominance in the port needle market in the foreseeable future.